Property management is a separate cost, and 10% is usually what I account for that.It has worked for me for properties that don’t need a roof or foundation (ie high capex items) at time of purchase. 

The title (or escrow company depending on where you are) will have to do all the same work for each property separately.

I appreciate the response JacobAnd I currently am trying to separate myself from Social media.

Is it best to have two separate LLCs or start one together ( all three of us).  

I couldn't cashflow by renting the whole house so I am leasing each room with separate contracts and I am now cashflowing.

The previous lease listed all three of the roommates, but they all paid separately.

I got a hold of the Seller’s disclosure and learned that the property had some stucco repairs done: On 6/25/2021, the Stucco Company did a Moisture Inspection Summary that reported back high levels of moisture in the walls, aged sealants, sealant separation, missing flashings, It was highly revommended that “a follow up inspection be done within 12-24 months after all repairs are compelted to ensure that the moisture levels remain within an acceptable level.

The space we want is 10,000 Sq. ft.We anticipate growth, since most of our business requires dry storage.Three of us just started separate business, so this warehouse space is too large for our current needs.

Then, I am betting the property needs a ton of cash for the plumbing, electrical and heating system(s) and does the property have a separate heating system for each unit."

Albeit two separate dwellings.